2023 Form 5500 filing — Sherrill Savings And Profit Sharing Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240725141017NAL0022642496001) for Sherrill Savings And Profit Sharing Plan, reported by Sherrill Furniture Company under EIN 56-0475593 and plan number 002. It reports 1,097 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240725141017NAL0022642496001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Sherrill Furniture Company
- EIN
- 56-0475593
- Plan number
- 002
- Location
- Hickory, NC
- Participants
- 1,097
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $47,527,049
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $47,527,049
- Employer contributions
- $558,880
- Participant contributions
- $1,633,950
- Total income / additions
- $8,515,861
- Benefits paid
- $5,865,514
- Administrative expenses
- $142,693
- Total expenses
- $6,065,283
- Net increase / (decrease)
- $2,450,578
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company O | RECORDKEEPER | $73,193 | $0 |
| Capfinancial Partners, LLC | INVESTMENT ADVISOR | $69,500 | not reported in the loaded dataset |